NordLB opens dollar covereds with three year LdG

NordLB attracted a strong order book and paid little new issue premium for its first dollar covered bond — also the first dollar covered bond of 2018 — a defensive three year dollar Reg S Lettres de Gage publiques.

By Bill Thornhill

06 Feb 2018

After announcing the deal on Monday, NordLB opened order books for an Aa3/—/AAA rated three year, due February 2021, on Tuesday with initial guidance of 50bp area over mid-swaps.